Factoring Service

Factoring Service

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Factoring Services for Trucking Companies

It’s challenging enough operating a business — especially a small one or if you’re just starting out — and maintaining a reliable, steady cash flow can mean the difference between sinking or swimming. Unpaid invoices throw a huge wrench into the works, especially if you depend on the incoming funds for payroll or rent. That’s why we teamed up with OTR Solutions to provide our clients with factoring services that can make all the difference in the way they do business.

Why You Should Consider a Truck Factoring Service

Truck factoring — also known as freight factoring — allows carriers and owner-operators to turn unpaid invoices into cash. Essentially, a third-party factoring company for trucking will effectively buy those outstanding accounts receivable at an advance rate of usually 80% to 90% of the value and then collect on those unpaid invoices themselves. Factoring in the trucking industry means someone else takes the risk of non-payment. For many trucking companies, even getting a discounted amount for invoices is well worth getting the factoring services for trucking companies since they have immediate funds with which they can pay overhead costs or even take on additional work to make more money.

Choose Your Truck Type

Management of Trucking Documents

When the general public thinks of what truckers do, they often omit all the administrative duties from the picture. As the world moves into digitalization, there are other considerations, too, such as data and information security. Making sure you have all your mandatory documentation and that it is properly completed, filed, and kept takes up a good chunk of time and effort. This can be stressful in and of itself, but it can also add undue stress to operating your trucking enterprise. That’s where Arrow Dispatch Services comes in.

Comprehensive Coverage

There is so much more to trucking than driving. Sadly, we know that in reality, there are stringent requirements for paperwork, compliance with SAFETY/DOT and other regulations, and insurance – not to mention finding, negotiating, and booking loads. That’s why we cover everything – broker/carrier packages and set-up paperwork, W-9, proof of insurance and insurance certificates, rate confirmations, invoicing, waybills, bills of lading, and customs/transportation documents. We also handle requirements set out in customer agreements – directions to shipper or consignee and appointment scheduling.

Expertise and Excellence

At Arrow Dispatch Services, we pride ourselves on our commitment to client care. Part of this is knowing the ins and outs of the trucking industry, which includes industry standards and regulatory requirements. We understand what is required, as well as why it’s required and who needs to see it. When we prepare, file, and manage trucking documentation, we are diligent, accurate, and ensure that everything that needs to be in the paperwork is there. We take your success very seriously – because your success is our success, too.

Our Approach to Document Management

Arrow Dispatch Services Services provides best-in-class management of trucking documentation by itself or as part of a more comprehensive dispatch service package. That’s because we know that different trucking businesses need different levels of support. Part of our no-nonsense approach to service is working with our clients to provide exactly what they need. We know you know your business better, and we aren’t here to sell you anything you don’t want.

But More Than Just Document Management

Of course, many of our clients value our full array of services because putting everything they don’t want to deal with into our capable hands frees them up to focus on what they do best. Through our dispatch service, we search for loads, negotiate rates – the highest price we can get for our clients so they make more money – and coordinate the details. We do the billing, management trucking paperwork and make sure everything that needs to be done for the customer contracts is done, properly and on time. We are also happy to assist clients by doing their bookkeeping and accounting, setting up and maintaining their IFTA reports, working with online transportation management services, and more.

Yes. We have customers for whom we handle all the paperwork including, sending invoices to the factoring company. We DO NOT accept payments on your behalf. We submit your invoices to the factoring company & they’ll directly pay you.

If you don’t want to take the load that we offer you, you may let us know, and we’ll continue to find the load for you until we find the one that is acceptable to you. 

If you’re willing to get on the board with us, you just need to fill out a form. Also, you need to provide us with your MC authority acceptance document. 

We specialize in providing dispatch services for Dry vans, Flatbed, Step Deck, and Reefers. However, if you’re seeking dispatching services for any other type of trailer, you can let us know. We’ll be more than happy to assist you.

Arrow Dispatch Services makes it easy for you to handle your shipping requirements. You can get quick quotes, track your shipment & get your freight delivered on time.

Arrow Dispatch Services works with a reliable & efficient network of carriers, each of which is required to go through several steps to fulfill the compliance, safety, & accountability requirements.

Invoice & POD are the standard documents required to get your payment. If any additional documents are required, our team will let you know.
We hire carriers for all types of equipment such as dry van, flatbed, LTL, FTL, reefer, & power only.

It’s simple. Most owner-operators get into trucking to drive more miles & earn money. However, they get bogged down by paperwork, load searching, negotiations & phone calls. By taking care of your back-office operations such as load searching, negotiations, email & phone updates, Arrow Dispatch Services allows your business operations to run smoothly & get you top paying loads. Our goal is to find you the highest paying loads so that you put more money in your pocket.